Independent Audit Report
Swan
VS
Unit

A comprehensive 20-point independent audit covering fees, FX rates, settlement architecture, regulatory standing, customer protection, and real-world performance benchmarks.

20 Audit Criteria Independent Analysis Current Verified Data Live Benchmarks
TL;DR
It's a tie! Both score 4/5 stars. Choose Swan if you need European businesses looking to embed financial services into, or Unit if you need Fintechs and businesses wanting to embed bank accounts, card. ⬇ Scroll for full 20-point audit
Best For
Swan vs Unit
European businesses looking to embed financial services into... vs Fintechs and businesses wanting to embed bank accounts, card...
Fee Structure
Swan vs Unit
Partner platform; charges fees to end-users based on card ti... vs B2B platform; custom pricing based on transaction volume and...
Rating
Swan vs Unit
4/5 ★ vs 4/5 ★
Swan
Embedded Banking & Payment Infrastructure (BaaS)
Best For European businesses looking to embed financial services into their product; offers white-label accounts, cards, and payment initiation.
Core Fee Partner platform; charges fees to end-users based on card tier. Standard: 2% FX fee, €10,000 monthly limit; Essential: 1% FX fee, €40,000 limit; Premium: No FX fee, €100,000 limit, metal card. Monthly fees vary by contract.
Settlement Real-time account opening and transaction processing; direct integration via API; seamless SEPA and card payment flows.
Visit Swan ↗
Unit
Embedded Banking & Card Infrastructure (BaaS)
Best For Fintechs and businesses wanting to embed bank accounts, cards, and payment capabilities into their products
Core Fee B2B platform; custom pricing based on transaction volume and services
Settlement Real-time account opening and transaction processing; API-first infrastructure; instant card issuance
Visit Unit ↗
What This Audit Doesn't Cover: Real-time currency fluctuations, promotional offers, region-specific pricing, or temporary fee waivers. Always verify current rates, fees, and features directly with Swan and Unit before making any financial decision.
Full 20-Point Audit Matrix
Verified current data across all key decision criteria
20 Criteria Compared
Audit Criterion Swan Unit
WealthBlueprint RatingOverall score vs. all reviewed platforms (out of 5 stars)
4/5
Swan: rated on fees, features, safety & ease of use
4/5
Unit: rated on fees, features, safety & ease of use
Transaction FeesPer-transfer costs, domestic & international
Partner platform; charges fees to end-users based on card tier. Standard: 2% FX fee, €10,000 monthly limit; Essential: 1% FX fee, €40,000 limit; Premium: No FX fee, €100,000 limit, metal card. Monthly fees vary by contract. B2B platform; custom pricing based on transaction volume and services
FX / Conversion SpreadMarkup above mid-market exchange rate
Swan charges a conversion fee based on the currency pair and transfer amount. Always verify the all-in rate before sending.
Always check the live rate in the app
Unit charges a conversion fee based on the currency pair and transfer amount. Always verify the all-in rate before sending.
Always check the live rate in the app
Account MaintenanceMonthly or annual account-keeping charges
Swan applies account maintenance charges as described in its fee schedule. Pricing may vary by region.
Fees subject to change — verify before signing up
Custom/tiered pricing — Unit's fee structure depends on your account tier or usage volume.
Fees subject to change — verify before signing up
Card Issuance FeesVirtual and physical card creation costs
Swan offers virtual cards. Card availability may depend on your account tier.
Check Swan app for current card fees
Unit offers virtual cards. Check the Unit app under card settings for current issuance fees.
Check Unit app for current card fees
Domestic SettlementLocal bank transfer completion time
Swan
Real-time account opening and transaction processing; direct
VS
Unit
Real-time account opening and transaction processing; API-fi
✓ Unit is faster (instant vs Real-time account opening and )
Cross-Border SpeedInternational corridor settlement time
Swan supports cross-border transfers via its payment rails. Actual delivery depends on the receiving bank and any compliance holds.
Check the app for live estimates
Unit supports cross-border transfers via its payment rails. Actual delivery depends on the receiving bank and any compliance holds.
Check the app for live estimates
Uptime / ReliabilityReported annual platform availability rate
Swan is a regulated platform — it maintains high availability standards as part of its regulatory obligations.
Check Swan status page for incident history
Unit publishes service status updates on its official status page for transparency.
Check Unit status page for incident history
Regulatory LicensesGoverning bodies and jurisdictions
Regulated Electronic Money Institution; all banking fees legally framed and supervised by the ACPR in France; user funds safeguarded.
✓ Licensed
Banking via partner FDIC-insured institutions; regulatory compliance; standard BaaS security and fraud prevention
✓ Licensed
Deposit InsuranceGovernment-backed protection scheme
Swan holds funds with regulated partner banks. Deposit insurance coverage may apply.
Verify current coverage directly with Swan
FDIC insured — your funds are protected up to applicable limits.
Verify current coverage directly with Unit
2FA & AuthenticationMulti-factor security implementation
Swan offers multi-factor authentication. Enable 2FA in account security settings. Biometric and PIN options vary by device.
Enable 2FA immediately after opening your account
Unit offers multi-factor authentication. Enable 2FA in account security settings. Biometric and PIN options vary by device.
Enable 2FA immediately after opening your account
Fraud DetectionAI/ML-powered transaction monitoring
Swan monitors transactions for anomalies in real time. You can freeze your card instantly from the app.
✓ Real-time monitoring
Unit monitors transactions for anomalies in real time. You can freeze your card instantly from the app.
✓ Real-time monitoring
Ideal Use CasePrimary audience and core value proposition
Swan
European businesses looking to embed financial services into their product; offers white-label accounts, cards, and payment initiation.
Unit
Fintechs and businesses wanting to embed bank accounts, cards, and payment capabilities into their products
Platform ClassificationRegulatory and product category
Embedded Banking & Payment Infrastructure (BaaS) Embedded Banking & Card Infrastructure (BaaS)
Withdrawal LimitsDaily / weekly transfer and cash-out caps
Swan applies daily and monthly withdrawal limits based on your account verification tier.
Log in to see your current limits
Unit applies daily and monthly withdrawal limits based on your account verification tier.
Log in to see your current limits
Supported CurrenciesFiat and digital asset coverage
Swan supports the currencies and assets listed in its official documentation.
Check Swan official site for full currency list
Unit supports the currencies and assets listed in its official documentation.
Check Unit official site for full currency list
App Store RatingAggregate iOS + Android user satisfaction
Swan is available on both iOS and Android. Rating varies by region.
Verify live ratings on the App Store
Unit is available on both iOS and Android. Rating varies by region.
Verify live ratings on the App Store
Customer SupportAvailable resolution pathways and SLA
Swan offers in-app support and email. Response times may vary by account tier.
Check Swan help centre for current support options
Unit offers in-app support and email. Response times may vary by account tier.
Check Unit help centre for current support options
KYC Verification SpeedAccount activation timeline post-submission
Swan typically verifies personal accounts within minutes to 24 hours with a valid ID.
Verify current wait times in the Swan app
Unit typically verifies personal accounts within minutes to 24 hours with a valid ID.
Verify current wait times in the Unit app
Overall VerdictWealthBlueprint independent recommendation
IT'S A TIE — both score 4/5 stars.

Choose Swan if you need: European businesses looking to embed financial services into their product; offers white-label accounts, cards, and payment initiation..
Choose Unit if you need: Fintechs and businesses wanting to embed bank accounts, cards, and payment capabilities into their products.

➜ Your choice depends on your specific needs
Official WebsiteVisit platform to sign up or verify current fees
Visit Swan ↗ Visit Unit ↗

Choose Swan If:

  • You need European businesses looking to embed financial services into
  • You prefer Partner platform; charges fees to end-us
  • You value Real-time account opening and transactio
  • You want a regulated platform (Regulated Electronic Money Institution; )

Choose Unit If:

  • You need Fintechs and businesses wanting to embed bank accounts, card
  • You prefer B2B platform; custom pricing based on tr
  • You value Real-time account opening and transactio
WealthBlueprint Verdict Summary
Swan — Best For
European businesses looking to embed financial services into their product; offers white-label accounts, cards, and payment initiation.
✓ Strong in its core category
Unit — Best For
Fintechs and businesses wanting to embed bank accounts, cards, and payment capabilities into their products
✓ Strong in its core category

Not sure which is right for you?

Take our 2-minute financial literacy quiz to understand which platforms align with your income profile and goals.

From the WealthBlueprint Library

Knowledge is the best investment — start here:

📖 The Complete S&P 500 Guide 📖 How to Get a Credit Limit Increase
More Comparisons Worth Reading

If Unit caught your eye, these matchups are a natural next step.

🔍 Karat vs Robinhood: Independent Audit 🔍 Karat vs Masterworks: Independent Audit